VisionFund Cambodia conferred with MIX S.T.A.R (Socially Transparent And Responsible) MFI Award 2013
VisionFund Cambodia has recently been conferred with MIX 2013 S.T.A.R (Socially Transparent And Responsible) recognition for completing MIX’s social performance desk review process and successfully meeting all its 2013 S.T.A.R requirements.
The Microfinance Information Exchange (MIX) has collected comprehensive financial and social performance data from MFIs around the world. To receive the S.T.A.R recognition, MFIs need to provide documentary evidence for each area of the Social Performance Task Force’s Universal Standard of Social Performance Management (USSPM) that is also covered by MIX’s social performance (SP) indicators, as well as having documented environmental protection policies. Based on the result released by MIX Social Performance Review section, among the 25 MFIs who have received the recognition so far, VisionFund Cambodia is the first and only MFI in Cambodia bestowed with this special and distinguished recognition.
As a socially oriented MFI with a wide international network in 36countries, VisionFund Cambodia has regularly been receiving various rewards and recognition from many different international raters and agencies, such as the Global Entrepreneurships Award from UNDP, superior rating of 4- out of the highest score which is 5+ from planet rating, MIX’s Platinum Award in 2011, 5 Diamonds rating from MIX in 2012 and recently also received Pricing Transparency Award from MFTransparency for its clear, accurate and transparent pricing of its microfinance products and services offered to clients in September 2013.
As of October 2013, VisionFund Cambodia has nearly 1,000 professional and committed staff working to serve poor communities of over180,000 households with a total loan portfolio of almost US$60 million across 21 provinces in Cambodia, bringing positive impact to about 600,000 children in terms of better living condition and improved access to education.
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